A 10 year Level Term Life Insurance policy refers to a life insurance policy that will not go up in price for 10 years.

It also should have the same face amount of life insurance protection for 10 years.

Without a rider endorsement added to the life insurance policy stating otherwise, after 10 years, either the term life insurance policy coverage will lapse, or the premium will increase to a very high amount and will no longer be guaranteed to remain level each year. So, afte...